Japan's GDP revised sharply higher, grew 2.7% in the first quarter on robust spending

Economists surveyed by Reuters had expected to see growth of 1.9%

TOKYO, JAPAN - SEPTEMBER 19: A general view of the Tokyo Tower and city on September 19, 2019.Japan's economy grew an annualized 2.7% in the first quarter of the year, expanding further than earlier estimates of 1.6% made last month,strengthened by 0.14% to 139.98 against the U.S. dollar shortly after the release. Quarter-on-quarter, the economy expanded by 0.7%, beating estimates by Reuters of 0.5%.

Private demand rose by 1.2% and domestic demand rose by 1%, while exports of goods and services dropped 4.2%. Imports also fell 2.3%, revised government data showed.

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